Documents & Literature

Regulatory Disclosures, Etc.

This part of our website is dedicated to the regulatory aspects of our business.

Form ADV

Advisors are required by the U.S. Securities and Exchange Commission (SEC) to use Form ADV to register as an investment adviser with the SEC. Form ADV also is used for state registered advisers. Generally, an investment adviser that manages $100 million or more in client assets must at minimum register with the SEC. Advisers that manage less than $100 million must register with the state securities regulator where the adviser’s principal place of business is located. Since Smith, Salley & Associates manages more than $100 million, we are registered with the SEC.

Form ADV is made up of two parts. Part 1 is the electronic application submitted for registration that contains information about the Investment Adviser’s business practices. Part 2 is comprised of two sections, Part 2A and Part 2B.  Part 2A includes information on an adviser’s services, fees and investment strategies.  Part 2B discloses information about the Investment Adviser Representatives’ education, business and disciplinary history within the last ten years. Both parts of an adviser’s ADV can be found on the Investment Adviser Public Disclosure (IAPD) website. To search for the advisor by name click here.  To search for a firm by name, click on the previous link and then click on the search button for “Firm” and put in the name of the firm.

We recommend that before you hire a firm or individual to be your investment advisor, always ask for, and carefully read, both parts of the adviser’s Form ADV.

All advisers are required to furnish prospective clients with a copy of Form ADV Part 2. You may find Parts 2A & 2B for SS&A by clicking here and then clicking on the search button for “Firm” and typing “Smith, Salley” in the search box.

Privacy Policy

Maintaining your trust and confidence is among our highest priorities. We recognize that protecting the privacy and security of our customers is an important responsibility. That’s why we at Smith, Salley & Associates, want you to understand how we protect your privacy when we collect and use information about you, and the steps that we take to safeguard that information.

The Privacy Policy of  Smith, Salley & Associates

Smith, Salley & Associates, has adopted this policy with recognition that protecting the privacy and security of the personal information we obtain about our customers is an important responsibility. We also know that you expect us to service you in an accurate and efficient manner. To do so, we must collect and maintain certain personal information about you. We want you to know what information we collect and how we use and safeguard that information.

What Information Do We Collect?

We collect certain nonpublic personal identifying information about you (such as your name, address, social security number, etc.) from information that you provide on applications or other forms as well as communications (electronic, telephone, written or in person) with you or your authorized representatives (such as your attorney, accountant, etc.). We also collect information about your brokerage accounts and transactions (such as purchases, sales, account balances, inquiries, etc.).

What Information Do We Disclose and To Whom Do We Disclose It?

We do not disclose the nonpublic personal information we collect about our customers to anyone except: (i) in furtherance of our business relationship with them and then only to those persons necessary to effect the transactions and provide the services that they authorize (such as broker-dealers, custodians, independent managers etc.); ii) in specific cases, where you engage us for services including, but not limited to, financial planning, tax, estate and insurance strategies we may share your information with non-affiliates that assist us with providing those services; (iii) to persons assessing our compliance with industry standards (e.g., professional licensing authorities, etc.); (iv) our attorneys, accountants, and auditors; or (v) as otherwise provided by law.

We are permitted by law to disclose the nonpublic personal information about you to governmental agencies and other third parties in certain circumstances (such as third parties that perform administrative or marketing services on our behalf or for joint marketing programs). These third parties are prohibited to use or share the information for any other purpose. If you decide at some point to either terminate our services or become an inactive customer, we will continue to adhere to our privacy policy, as may be amended from time to time.

Security of Your Information

We restrict access to your nonpublic personal information to those employees who need to know that information to service your account. We maintain physical, electronic and procedural safeguards that comply with applicable federal or state standards to protect your nonpublic personal information.

Changes to our Privacy Policy or Relationship with You

Our policy about obtaining and disclosing information may change from time to time. We will provide you notice of any material change to this policy before we implement the change.

Other Disclosures

Smith, Salley & Associates, LLC (“Smith Salley”) is a registered investment adviser located in Greensboro, North Carolina. Smith Salley and its representatives are in compliance with the current registration requirements imposed upon registered investment advisers by those states in which Smith Salley maintains clients. Smith Salley may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Smith Salley’s web site is limited to the dissemination of general information regarding its investment advisory services to United States residents residing in states where providing such information is not prohibited by applicable law. Accordingly, the publication of Smith Salley’s web site on the Internet should not be construed by any consumer and/or prospective client as Smith Salley’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Furthermore, the information resulting from the use of tools or other information on this Internet site should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from Smith Salley. Any subsequent, direct communication by Smith Salley with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Smith Salley, please contact the United States Securities and Exchange Commission on their web site at and/or the state securities law administrators for those states in which Smith Salley is registered. A copy of Smith Salley’s current written disclosure statement discussing Smith Salley’s business operations, services, and fees is available from Smith Salley upon written request. Smith Salley does not make any representations as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Smith Salley’s web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.